|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Western Areas (WSA.AX)
DETREND PRICE OSCILLARTOR
Trading: BUY @ $2.44
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Western Areas (ASX:WSA) currently has a confirmed uptrend. Price is currently above the displaced moving average for WSA Currently, the return on DPO20 is 3.0%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Western Areas (WSA.AX)
Stock Exchange: ASX
Company: Western Areas
Ticker Codes: | WSA.AX | ASX:WSA |
Western Areas Limited engages in the mining, processing, and sale of nickel sulphide concentrates. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals in Australia, Canada, and Finland. Its flagship property is the Forrestania project located in Australia. The company was founded in 1999 and is headquartered in West Perth, Australia.
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